San Lorenzo Group
Epifania is one of the members and raises animals. She says that at age 50, and with her daily work she also raises fruits and vegetables, knowing that this work and effort must be constant so that she can make the progress that she is striving for.
Epifania is asking for this loan to buy balanced feed for her animals. This will help her to solidify her business plans and improve her income. There are 16 persons in the photograph, but only 14 of them will receive part of this loan.
Una de las integrantes es la Sra. Epifania, que se dedica exclusivamente a la cría de animales, ella comenta que con sus 50 años de edad y con la lucha constante del día a día también se dedica a los cultivos de frutas y verduras consciente de que este trabajo y esfuerzo que está haciendo debe ser constante para lograr el progreso que anhela alcanzar.
La Sra. Epifania solicita de este crédito para la compra de balanceados para sus animales, y de esa forma poder invertir en su actividad, lo que le ayudará a concretar su plan de negocio, y a mejorar sus ingresos. En la foto del grupo aparecen 16 personas, ya que esa es la cantidad de integrantes de este grupo, pero esta vez solo 14 retiran de este crédito.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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